Latest Mining Sector News

Aspermont Limited reports steady subscription growth with $11.2 million in annual recurring revenue despite a dip in total revenue, while gearing up for new data product launches and an IPO.

InVert Graphite has successfully completed a $3.5 million public share offer, meeting a key condition for its ASX reinstatement and advancing its strategic acquisitions.

Ionic Rare Earths has announced a $3 million capital raise via convertible notes, aimed at advancing its rare earth projects across multiple continents. The raise, pending shareholder approval, underscores the company’s strategic push into sustainable rare earth extraction and recycling technologies.

AusQuest Limited has initiated an extensive geophysical survey at its Coober Pedy IOCG Project in South Australia, aiming to pinpoint drilling targets within a world-class mineral province. Results expected in 8-10 weeks will guide exploration plans for later in 2025.

The court has approved the merger scheme between Aston Minerals and Torque Metals, making it legally effective and suspending Aston’s trading. Shareholders will soon receive Torque shares in exchange for their Aston holdings.

Champion Iron Limited reported a 5% increase in revenue to C$1.606 billion for the year ended March 31, 2025, while net profit fell sharply by 39% to C$142 million. The company declared an unfranked interim dividend of C$0.10 per share.

Aston Minerals and Torque Metals have secured court approval for their merger schemes, setting the stage for a significant consolidation in the mining sector. Trading of Aston Minerals shares will be suspended from May 29 as the merger moves toward implementation.

Asara Resources assures investors its Kada Gold Project permits remain intact despite Guinea’s recent revocation of over 120 exploration permits. Drilling has already commenced, signaling continued progress.

Two major shareholders of Western Gold Resources have been ordered by the Supreme Court of Western Australia to sell their shares to Harder Investments, triggering a managed off-market transfer process.

Equatorial Resources Limited has refuted media reports claiming the Guinea government cancelled its Nimba Alliance iron ore exploration permits, stating no formal communication has been received and that it is actively seeking clarity.

Pioneer Lithium has launched a two-phase soil sampling program at its Skull Creek Uranium Project in Colorado, aiming to define drill-ready uranium targets amid growing US government support for domestic supply.

MAC Copper Limited has entered a binding agreement for acquisition by Harmony Gold, offering shareholders a compelling 32% premium and signalling a major consolidation in the copper mining sector.